JC Real Estate Glossary 🔎 - Down Payment 🚨Buyers Alert!🚨 For first time home buyers, down payment is one of the biggest obstacles in the process of buying a home! The down payment is calculated as a percentage of the total purchase price. Here are the minimum down payment requirements to qualify for a mortgage, For homes priced below $500,00 ➡️ 5% down payment required For homes prices between $500,000 and $999,999 ➡️ 5% of $500,000 + 10% of the remaining amount is required. If you have any 🔥 burning questions about real estate, thinking of buying or selling a home? Call or Text us today at 403-241-9800! We would love to help with your real estate needs! For upcoming #yyc listings, stay tuned and Follow @jessicachanremaxyyc! Source: RECA, remax.ca - Jessica Chan & Associates 📲 403-241-9800 📧jessica@jessicachan.ca ✨Top 10 Real Estate Agents in Calgary ✨We care and listen to your needs. 🏡 jessicachan.ca RE/MAX Real Estate Mountain View - #jcrealestateglossar...